Apple display maker losses blamed on sluggish iPhone 8 sales

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iPhone
iPhone 8 sales aren't great, Japan Display claims.
Photo: Ste Smith/Cult of Mac

Apple supply maker Japan Display has announced disappointing quarterly earnings, based in part on Apple’s shift to using OLED displays for the iPhone X.

While Japan Display still makes the LCD screens for the current generation iPhone 8 and iPhone 8 Plus, the “sluggish” sales of these devices have meant that its earnings have continued to fall. The company posted a net loss of 68 billion yen ($596 million) for the first half of fiscal 2017, an increased loss from the 16.7 billion yen it posted for the same period in 2016.

iPhone display maker gets massive government bailout

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iPhone 7
Apple is keen to adopt OLED displays for its next iPhone.
Photo: Ste Smith/Cult of Mac

The Japanese government has bailed out struggling Apple display supplier Japan Display with a 75 billion yen ($636 million) aid package, the company admitted today.

The government-backed Innovation Network Corp. of Japan owns 36 percent of Japan Display, which works on Apple’s iPhones.

Big bailout gives Apple display maker a shot at OLED

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iPhone 7
The iPhone is getting OLED displays next year, but not everyone's happy about it.
Photo: Ste Smith/Cult of Mac

Apple display maker Japan Display is set to receive yet another bailout, in the vicinity of $703 million, from the Japanese government-backed fund that is it’s larger shareholder, claims a new report.

The money will help Japan Display catch up its OLED manufacturing capabilities, which have been lagging behind its rival display makers.

One of Apple’s biggest display makers on the verge of cracking

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iPhone 7 front
iPhone 7 display maker is in trouble.
Photo: Ste Smith/Cult of Mac

Japan Display, one of Apple’s main component makers for iPhone displays, is struggling and could lose the financial support of the Japanese government if it’s not able to drum up more non-Apple biz.

The company has been hit by a triple threat: a rise in the Japanese yen, a reluctance to shift from its LCD technology while rival companies ramped up OLED facilities, and slowing iPhone sales.

Things go from bad to worse for iPhone display maker

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iPhone 6 Plus_9
Japan Display is running into problems.
Photo: Ste Smith/Cult of Mac

Apple display maker Japan Display continues to suffer setbacks, with the latest being a fall in its share price after it was revealed that the company is seeking financial support from a Japanese government-backed fund.

Japan Display has been hit by the triple whammy of iPhone sales falling, a damaging rise in the Japanese yen currency, and seemingly betting on the wrong horse by hanging onto LCD technology for too long while rival companies were ramping up their OLED facilities for next year’s big iPhone refresh.

iPhone display maker takes hit as Samsung steals OLED orders

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Save your battery with this pretty extreme trick.
Apple's OLED dreams are turning out to be a nightmare for some.
Photo: Jim Merithew/Cult of Mac

The rumors that Samsung is ramping up its OLED facilities bodes well for superior displays on next year’s iPhone refresh, but there’s one party that’s not quite so pleased: struggling Apple display maker Japan Display.

The reason? Because while other companies bet big on OLED, it seems that Japan Display doubled-down on its LCD technology — and may now be suffering the effects of its ill-timed decision.

Apple display maker desperate for iPhone’s OLED switch

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iPhone6-display
The sooner Apple shifts to OLED displays, the better.
Photo: Apple

Apple display maker Japan Display has, quite literally, millions of reasons why it’s desperate for Apple to switch to OLED displays for the iPhone as soon as possible.

The company reported a ¥31.8 billion ($293.5 million) loss for the recently-ended fiscal year as the rising value of the yen, and slowing iPhone and iPad sales, hit the manufacturer hard. And according to its bosses, it’s counting on Apple introducing OLED iPhone displays to help bail it out!

iPhone may get even bigger in 2017 with 5.8-inch OLED screen

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Does iPhone really need to get bigger?
Does the iPhone really need to get bigger?
Photo: Ste Smith/Cult of Mac

If the iPhone 6s Plus seems just a little bit too small in your monstrous hands, fret not dear giant friends: Apple may be planning to go even bigger with a super-sized iPhone 7s Pro.

Apple is looking to add a 5.8-inch OLED display to the iPhone in 2017 or 2018, according to a new rumor that claims Samsung is already on board to supply the screens.